Word: resetting
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...Vladimir Putin, Lord love 'im!" He did say quietly startling things like "We will listen. We will consult." And "We will strive to act preventively, not pre-emptively." And "America will act aggressively against climate change." He offered an unclenched fist to Iran and a willingness to push "the reset button" with Russia. (Read "Europe: No Blank Check for Obama on Global Security...
...House under President Barack Obama's administration. "The opposition party is looking to make an opportunity out of this big mistake," says Credit Suisse chief economist Hiromichi Shirakawa. Shirakawa says that if there were economic implications of Nakagawa's resignation, they might be that the DPJ would "push the reset button" on Aso's pending budget proposal, which includes an unpopular hand out of $21.7 billion to the Japanese public. The opposition Democratic Party of Japan, he says, "can now argue that the government has already lost their ability to get back on a path to recovery...
...other core issue is that too many people can no longer afford their mortgage. Maybe they took out an adjustable-rate loan that has reset higher, or they lost a job in the slowing economy. If we could stop the cycle of defaults and foreclosures, the thinking goes, we could prevent deeply discounted, bank-sold homes from flooding the market, keep losses from further impairing mortgage-backed securities and preserve property values. That's how we wind up with ideas like paying mortgage servicers to make loans more affordable and changing the bankruptcy code to allow judges to reduce...
...foreign policy framework, made clear that the cost to Europe for a greater share in the decision-making would be a willingness to shoulder a greater share of the burden. While pledging to abide by international rules, fight climate change, engage with the Islamic world and "press the reset button" with Russia, Biden warned that Washington would also expect changes from Europe. "America will do more. That's the good news," he said. "The bad news is that America will ask for more from our partners as well." (See pictures of Russia celebrating Victory...
...Nonetheless, there is still hope that Biden's promise to listen marks a change in itself. Ulrike Guérot, of the European Council of Foreign Relations in Berlin, says that by merely pressing the reset button - and not just on Russia - the U.S. could expect Europe both to engage and to develop its own strategic priorities. "Europe will be reluctant to always say yes - and we have different approaches, with some going for more military solutions, some more aid," she says. "But just by embracing Europe as a partner, [the U.S.] will help European countries deliver common answers...